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Response to yardwork (Reply #11)

Thu Sep 27, 2012, 11:24 AM

13. Again, that ISN'T what "harvest" necessarily means in private equity. It's a neutral term

that's used by both the more ethical venture capitalists AND the vulture capitalists like Romney.

If you don't believe the textbook I quoted above, maybe you'll believe this page at the University of Michigan's site:

http://www.bus.umich.edu/CourseManagement/ViewCourseDescriptions.asp?course=626&dept=FIN&term=1

This enables us to study how the four main aspects of venture capital and private equity valuation, deal structuring, governance, and harvesting are conducted in different legal and regulatory settings, under different customs, culture and business practices. The case method is used to demonstrate the practical, hands-on application of techniques following their development in class.


Emphasis added.

Again, "harvest" is simply a standard, neutral term.

I had the same initial reaction to it that you did. I thought, "Wow, what a damning video! What a horrible word to use!"

But I majored in political science, not business. And I know I'm not familiar with a lot of business terminology.

So I just googled "harvest" and found out, within a couple of minutes, that it means what I explained in my first reply here.

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LineLineLineReply Again, that ISN'T what "harvest" necessarily means in private equity. It's a neutral term
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